Inconsistent chatter from a Sacramento-based 'Sconi attorney.

Friday, June 22, 2007

IRS Announces No Change to IRS interest rates on Past Due Balances

The Internal Revenue Service (IRS) today announced there will be no change in the interest rates for the calendar quarter beginning July 1, 2007. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.

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